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You are here: Home1 / News2 / Product News3 / Higher rim size car tyre sales rising in UK’s stratified recovery – GfK...

Higher rim size car tyre sales rising in UK’s stratified recovery – GfK

Date: 6th February 2023 Author: Andrew Bogie Comments: 0
Growth in sales of tyres focussed on the larger rim sizes used on higher performance vehicles outstripped the UK market in 2022 due to several factors (Photo: Pirelli)

Challenging trading conditions persist in the UK thanks to various interlocking crises, though 2022’s replacement tyre market demonstrates the way some segments resisted the strong headwinds better than others. While overall tyre sales (units) were basically flat versus 2021, any anticipated surging recovery from a pandemic induced nadir was, broadly speaking, put off for another year. Contrastingly, the value of the overall market surged, though this effect was more due to inflation and increasing prices than a switch towards higher-value products. Having said this, the picture painted by analyst GfK’s data, based on the company’s “panelmarket” of tyre retail sell-out sources from January to December, is also one of stratification.

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analysis, car tyres, featured, GfK, light commercial tyres, MARKET DATA, SUV tyres, van tyres

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